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( As on 20/11/2024 14:00)

Apex Ecotech announces launch of initial public offering

Apex Ecotech Ltd. has announced public offering of 3499200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 63.00 per share. The gross proceeds of the issue are expected to be Rs 2,554.42 lakhs.

The company's initial public offer (IPO) will open on 27 November 2024 and is expected to close on 29 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 71.00-73.00 per share.

The IPO includes a fresh Issue of 3499200 Equity Shares of the Company at an price of Rs 73.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Apex Ecotech Ltd. anticipates using the proceeds of the issue for .

Share India Capital Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.